Who owns Texas Pacific Land (TPL)
Which tracked institutional funds hold TPL, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See TPL company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-09-22). 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.
How the tape is positioned
136 tracked funds added or opened TPL while 289 trimmed or exited it between 2026-Q1 and 2026-Q2 — the tape is split. When large holders disagree on a name, the funds moving first are sometimes ahead of the story.
A prompt to read the filings, not a verdict. 13F is a quarter-end snapshot disclosed up to 45 days late; a fund adds or exits for mandate, benchmark, and timing reasons that have nothing to do with a view on the stock. This is a starting question, not a signal to trade.
Conviction spread
TPL’s largest tracked holder by dollar value, HORIZON KINETICS ASSET MANAGEMENT LLC, sizes it at 48.6% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 48.6pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in TPL divided by its whole reported 13F book, so it is comparable across funds of different sizes and is unaffected by stock splits. A higher share means a fund has committed more of its book to the name — a starting question about conviction, not a verdict or a signal to trade.
Institutional & insider positioning
Between 2026-Q1 and 2026-Q2, across 828 tracked filers holding TPL, 426 increased or opened the position and 386 reduced or closed it; over the same quarter, open-market insider Form 4s were net sales.
This fuses two public signals for the same quarter — how tracked institutions changed their positions and whether insiders bought or sold in the open market. It describes what was filed; it is a starting question, not a verdict or a signal to trade.
New buyers & exits
Funds opening or closing a position in TPL between the 2026-Q1 and 2026-Q2 13F filings, and the largest changes among funds holding it in both. New buyers and exits are counted on fund presence (split-invariant); adds and trims are measured on reported value.
New buyers 41
- Crawford Fund Management, LLC$21M
- TUDOR INVESTMENT CORP ET AL$19M
- NewEdge Advisors, LLC$18M
- CLIFTONLARSONALLEN WEALTH ADVISORS, LLC$8M
- SIR Capital Management, L.P.$5M
- Nykredit A/S$5M
Full exits 51
- Amundi$133M
- MSRH, LLC$71M
- HighTower Advisors, LLC$47M
- Pacer Advisors, Inc.$46M
- SG Americas Securities, LLC$22M
- NEW YORK STATE TEACHERS RETIREMENT SYSTEM$20M
Largest adds
- AQR CAPITAL MANAGEMENT LLC$93M
- CITADEL ADVISORS LLC$52M
- AMERICAN CENTURY COMPANIES INC$35M
- FIRST TRUST ADVISORS LP$33M
- Annex Advisory Services, LLC$32M
- RAYMOND JAMES FINANCIAL INC$30M
Largest trims
- HORIZON KINETICS ASSET MANAGEMENT LLC$463M
- VANGUARD CAPITAL MANAGEMENT LLC$129M
- VANGUARD PORTFOLIO MANAGEMENT LLC$98M
- Champlain Investment Partners, LLC$76M
- STATE STREET CORP$61M
- GEODE CAPITAL MANAGEMENT, LLC$54M
Institutional holders
One row per tracked fund, most shares held first (every row is from one quarter; reported value breaks ties). “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding.
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| HORIZON KINETICS ASSET MANAGEMENT LLC trimmed | 9,802,899 | $4.3B | 21.6% | 2026-Q2 |
| BlackRock, Inc. added | 5,296,254 | $2.3B | 11.6% | 2026-Q2 |
| STATE STREET CORP added | 3,964,748 | $1.7B | 8.7% | 2026-Q2 |
| VANGUARD CAPITAL MANAGEMENT LLC added | 3,808,863 | $1.7B | 8.4% | 2026-Q2 |
| VANGUARD PORTFOLIO MANAGEMENT LLC added | 3,184,079 | $1.4B | 7.0% | 2026-Q2 |
| GEODE CAPITAL MANAGEMENT, LLC added | 1,646,584 | $718M | 3.6% | 2026-Q2 |
| FIRST MANHATTAN CO. LLC. added | 1,064,741 | $466M | 2.3% | 2026-Q2 |
| SoftVest Advisors, LLC | 1,062,099 | $465M | 2.3% | 2026-Q2 |
| MORGAN STANLEY added | 972,321 | $426M | 2.1% | 2026-Q2 |
| Invesco Ltd. added | 715,743 | $313M | 1.6% | 2026-Q2 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC added | 647,812 | $284M | 1.4% | 2026-Q2 |
| Pacific Heights Asset Management LLC trimmed | 590,000 | $258M | 1.3% | 2026-Q2 |
| NORTHERN TRUST CORP trimmed | 540,628 | $237M | 1.2% | 2026-Q2 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC added | 477,430 | $209M | 1.0% | 2026-Q2 |
| UBS Group AG trimmed | 445,744 | $195M | 1.0% | 2026-Q2 |
| DIMENSIONAL FUND ADVISORS LP added | 442,988 | $194M | 1.0% | 2026-Q2 |
| SCHWARTZ INVESTMENT COUNSEL INC added | 413,457 | $181M | 0.9% | 2026-Q2 |
| Legal & General Group Plc trimmed | 350,454 | $153M | 0.8% | 2026-Q2 |
| Bank of New York Mellon Corp trimmed | 340,777 | $149M | 0.7% | 2026-Q2 |
| VANGUARD FIDUCIARY TRUST CO trimmed | 333,823 | $146M | 0.7% | 2026-Q2 |
| GOLDMAN SACHS GROUP INC trimmed | 318,614 | $139M | 0.7% | 2026-Q2 |
| Tidal Investments LLC added | 310,603 | $136M | 0.7% | 2026-Q2 |
| TD Asset Management Inc trimmed | 303,908 | $133M | 0.7% | 2026-Q2 |
| MAD RIVER INVESTORS added | 285,330 | $125M | 0.6% | 2026-Q2 |
| AQR CAPITAL MANAGEMENT LLC added | 282,585 | $124M | 0.6% | 2026-Q2 |
| Epoch Investment Partners, Inc. trimmed | 278,323 | $122M | 0.6% | 2026-Q2 |
| PRICE T ROWE ASSOCIATES INC /MD/ added | 275,222 | $120M | 0.6% | 2026-Q2 |
| York GP, Ltd. | 268,600 | $118M | 0.6% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ trimmed | 263,251 | $115M | 0.6% | 2026-Q2 |
| DEUTSCHE BANK AG\ added | 249,202 | $109M | 0.5% | 2026-Q2 |
| FIRST TRUST ADVISORS LP added | 243,996 | $107M | 0.5% | 2026-Q2 |
| Douglass Winthrop Advisors, LLC trimmed | 243,355 | $107M | 0.5% | 2026-Q2 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM trimmed | 215,832 | $94M | 0.5% | 2026-Q2 |
| Focus Partners Wealth trimmed | 188,029 | $82M | 0.4% | 2026-Q2 |
| Nuveen, LLC added | 183,339 | $80M | 0.4% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC added | 180,065 | $79M | 0.4% | 2026-Q2 |
| Moors & Cabot, Inc. added | 172,413 | $75M | 0.4% | 2026-Q2 |
| Swiss National Bank trimmed | 165,253 | $72M | 0.4% | 2026-Q2 |
| EagleClaw Capital Managment, LLC added | 153,629 | $67M | 0.3% | 2026-Q2 |
| Annex Advisory Services, LLC added | 153,464 | $67M | 0.3% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN added | 150,258 | $66M | 0.3% | 2026-Q2 |
| PNC Financial Services Group, Inc. trimmed | 145,242 | $64M | 0.3% | 2026-Q2 |
| BNP PARIBAS FINANCIAL MARKETS added | 141,301 | $62M | 0.3% | 2026-Q2 |
| Mitsubishi UFJ Asset Management Co., Ltd. added | 140,771 | $62M | 0.3% | 2026-Q2 |
| CITADEL ADVISORS LLC added | 135,593 | $59M | 0.3% | 2026-Q2 |
| AMERICAN CENTURY COMPANIES INC added | 135,433 | $59M | 0.3% | 2026-Q2 |
| DANSKE BANK A/S added | 132,721 | $58M | 0.3% | 2026-Q2 |
| California Public Employees Retirement System added | 127,902 | $56M | 0.3% | 2026-Q2 |
| CWA Asset Management Group, LLC added | 127,627 | $56M | 0.3% | 2026-Q2 |
| Sumitomo Mitsui Trust Group, Inc. added | 125,579 | $55M | 0.3% | 2026-Q2 |
| Vanguard Global Advisers, LLC trimmed | 124,898 | $55M | 0.3% | 2026-Q2 |
| JPMORGAN CHASE & CO trimmed | 123,370 | $52M | 0.3% | 2026-Q2 |
| RHUMBLINE ADVISERS added | 120,784 | $53M | 0.3% | 2026-Q2 |
| HSBC HOLDINGS PLC added | 117,052 | $51M | 0.3% | 2026-Q2 |
| LAWSON KROEKER INVESTMENT MANAGEMENT INC/NE trimmed | 110,114 | $48M | 0.2% | 2026-Q2 |
| VANGUARD ASSET MANAGEMENT, Ltd added | 104,725 | $46M | 0.2% | 2026-Q2 |
| ROYAL BANK OF CANADA trimmed | 101,632 | $44M | 0.2% | 2026-Q2 |
| Hodges Capital Management Inc. trimmed | 101,121 | $44M | 0.2% | 2026-Q2 |
| Champlain Investment Partners, LLC trimmed | 99,600 | $44M | 0.2% | 2026-Q2 |
| OSAIC HOLDINGS, INC. added | 95,939 | $42M | 0.2% | 2026-Q2 |
| Blue Trust, Inc. trimmed | 88,835 | $39M | 0.2% | 2026-Q2 |
| Lagoda Investment Management, L.P. trimmed | 85,631 | $37M | 0.2% | 2026-Q2 |
| NEUBERGER BERMAN GROUP LLC added | 84,528 | $37M | 0.2% | 2026-Q2 |
| TOCQUEVILLE ASSET MANAGEMENT L.P. added | 81,123 | $36M | 0.2% | 2026-Q2 |
| CITIGROUP INC added | 80,991 | $35M | 0.2% | 2026-Q2 |
| BARCLAYS PLC trimmed | 78,882 | $35M | 0.2% | 2026-Q2 |
| One Charles Private Wealth Services, LLC trimmed | 70,698 | $31M | 0.2% | 2026-Q2 |
| PRINCIPAL FINANCIAL GROUP INC trimmed | 70,609 | $31M | 0.2% | 2026-Q2 |
| Advisory Services Network, LLC added | 68,378 | $30M | 0.2% | 2026-Q2 |
| SEI INVESTMENTS CO trimmed | 64,956 | $28M | 0.1% | 2026-Q2 |
| LPL Financial LLC trimmed | 60,793 | $27M | 0.1% | 2026-Q2 |
| RWA WEALTH PARTNERS, LLC trimmed | 59,748 | $26M | 0.1% | 2026-Q2 |
| BANK OF MONTREAL /CAN/ added | 58,456 | $26M | 0.1% | 2026-Q2 |
| BLI - Banque de Luxembourg Investments added | 57,800 | $24M | 0.1% | 2026-Q2 |
| Aberdeen Group plc added | 57,273 | $25M | 0.1% | 2026-Q2 |
| First Dallas Securities Inc. trimmed | 57,135 | $25M | 0.1% | 2026-Q2 |
| US BANCORP \DE\ added | 55,707 | $24M | 0.1% | 2026-Q2 |
| AVIVA PLC added | 54,045 | $24M | 0.1% | 2026-Q2 |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM trimmed | 53,605 | $23M | 0.1% | 2026-Q2 |
| ALLIANCEBERNSTEIN L.P. trimmed | 52,494 | $25M | 0.1% | 2026-Q2 |
| HOWLAND CAPITAL MANAGEMENT LLC added | 49,760 | $22M | 0.1% | 2026-Q2 |
| COMMONWEALTH EQUITY SERVICES, LLC added | 49,752 | $22M | 0.1% | 2026-Q2 |
| Crawford Fund Management, LLC added | 48,771 | $21M | 0.1% | 2026-Q2 |
| CRAWFORD INVESTMENT COUNSEL INC added | 48,453 | $21M | 0.1% | 2026-Q2 |
| SAPIENT CAPITAL LLC trimmed | 47,945 | $21M | 0.1% | 2026-Q2 |
| Essex Financial Services, Inc. trimmed | 47,379 | $21M | 0.1% | 2026-Q2 |
| MGO ONE SEVEN LLC added | 45,666 | $20M | 0.1% | 2026-Q2 |
| Hamilton Capital Partners Inc. added | 44,995 | $20M | 0.1% | 2026-Q2 |
| TUDOR INVESTMENT CORP ET AL new | 43,130 | $19M | 0.1% | 2026-Q2 |
| Russell Investments Group, Ltd. added | 42,329 | $19M | 0.1% | 2026-Q2 |
| NewEdge Advisors, LLC added | 40,904 | $18M | 0.1% | 2026-Q2 |
| Atlas Wealth Partners, LLC trimmed | 39,840 | $17M | 0.1% | 2026-Q2 |
| Holt Capital Advisors, L.L.C. dba Holt Capital Partners, L.P. added | 39,359 | $17M | 0.1% | 2026-Q2 |
| Quantinno Capital Management LP added | 38,004 | $17M | 0.1% | 2026-Q2 |
| Creative Planning added | 37,295 | $16M | 0.1% | 2026-Q2 |
| Lido Advisors, LLC trimmed | 36,301 | $16M | 0.1% | 2026-Q2 |
| Gotham Asset Management, LLC trimmed | 35,927 | $16M | 0.1% | 2026-Q2 |
| Mariner, LLC added | 35,488 | $16M | 0.1% | 2026-Q2 |
| BAR HARBOR WEALTH MANAGEMENT trimmed | 35,277 | $15M | 0.1% | 2026-Q2 |
| Hosking Partners LLP trimmed | 34,739 | $15M | 0.1% | 2026-Q2 |
Ownership over time
Tracked institutional holder count and total shares held by filing quarter (independent scales). The curated-era tail and any mid-ingest latest quarter are handled honestly — a partial quarter is not drawn as a collapse.
Reading this table
Funds hold the same stock for different reasons — an index fund “holds” almost everything, an active manager sizes a name to a mandate and a benchmark, and each fund entered at its own price and time. Because 13F is filed up to 45 days after quarter-end, every row is a backward-looking snapshot; a manager may have traded since. Share-class siblings (a company’s A and C shares) are rolled up to one line so a dual-class name is never double-counted. Compare like-for-like. A large holder is not an endorsement, and a fund exiting is not a warning — this is a starting question, not a verdict.
About 13F filings
A Form 13F is a quarterly disclosure that institutional investment managers with over $100 million in US-listed equities must file with the SEC. In plain English: it is a snapshot of the long stock positions a fund held at the end of a quarter. It covers long US-listed equities only — not short positions, options, cash, or private holdings — and the funds shown are the large sample we track, not the complete 13F universe.